China’s National Bureau of Statistics (NBS) has reported a 1.6 per cent YoY rise in cement output to 2.377bnt for 2020.

The construction of 3203 projects started across the country in December 2020, with a total investment of CNY2.69trn (US$415.6bn).

Cement prices in China are also expected to maintain stable in 2021 due to improving supply-demand relations, according to Xinhua News.

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Many local authorities have now set a goal for infrastructure construction this year. Hubei Province aims to ensure more than CNY100bn of investment in road and waterway projects.